# 4635 Gulfstarr Drive, Destin, FL 32541

> **TL;DR:** condo, $3,500,900. Est. $15,171/mo. Listed 461 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,500,900 |
| Lot Size | 47,916 sqft (1.10 acres) |
| Property Type | Condo (Condominium) |
| Status | For Sale |
| Days on Market | 461 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $15,171 |
| **Total** | **$15,171** |

## Property Highlights

- 1.10 acre lot

## Description

### Agent Description
ATTENTION INVESTORS 6.4% CAP RATE on this 2 story CLASS A, FULLY LEASED Medical/Professional office building located in the heart of Destin! Its prime corner location w/a traffic light, provides easy accessibility & significant visibility from the 60,000+ vehicles passing daily along Hwy 98. The corner site also contains a highly visible large marquee sign. Strategically located less than a mile from The Destin Commons, Whole Foods, restaurants & businesses, this professional Office building is fully leased & generates $347,884 annual income & High quality finishes & architectural appeal accent 15,000+ SF Class A office space. 224K Estimated 2025 NOI with 6.4 CAP. The month to month Tenant could vacate if Buyer wants to occupy. Inquire to schedule a private showing.

## Location

- **Address:** 4635 Gulfstarr Drive, Destin, FL 32541
- **County:** Okaloosa
- **Coordinates:** 30.388021, -86.413576
- **Google Maps:** https://www.google.com/maps?q=30.388021,-86.413576

## Listing Agent

- **Name:** Karen K Martineau
- **Brokerage:** RE/MAX Coastal Properties
- **Phone:** 8504996930
- **Email:** karen@karenmartineau.com

## Primary Photo

![4635 Gulfstarr Drive - Primary Photo](http://lh.rdcpix.com/6be9fabc09ee9d230979870365fb2e3bl-f3531558684r.jpg)

*66 total photos available on [listing page](https://www.propertysimple.com/listing/4635-gulfstarr-drive-destin-fl-32541-l969488)*

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**MLS#:** 969488 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/4635-gulfstarr-drive-destin-fl-32541-l969488)

---

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